CTO Dennis Flood to Direct
R&D Program; Director of Research & Technology David Levy resigns
ROCHESTER, N.Y., March 27, 2018 /CNW/ -- Continuing its new focus
on an accelerated prototype development program, Natcore
Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) is
pleased to announce that a major global solar cell manufacturer has
accepted the Company's exclusive invitation to demonstrate its
Natcore Foil Cell™ technology.
The meeting and demonstration, to be held at Natcore's
Rochester laboratory in advance of
the World Conference on Photovoltaic Energy Conversion
(June 10-15, 2018), is in keeping
with the company's goal of pursuing partnerships with leaders in
the industry to commercialize its technology. The production and
demonstration of a prototype cell using a carrier selective contact
process amenable to a streamlined, self-aligning production method
will be a key part of this initiative.
Natcore will be participating in the WCPEC conference, which is
held every four years and combines the three major international
solar conferences that are otherwise held annually.
Natcore also announces that Dr. David
Levy, Director of Research & Technology, is resigning
his full-time position and has agreed to work with the Company on a
consultant basis to advance its research, in particular the
development of the demonstration prototype.
While Natcore pursues a full-time replacement for Dr. Levy, the
Company is pleased to report that Dr. Dennis Flood, Chief Technology Officer, will
direct the research and development program.
Dr. Flood is a Natcore co-founder. He has more than 30 years
experience in developing solar cell and array technology for both
space and terrestrial applications. At the NASA Glenn Research
Center in Cleveland, he served for
15 years as Chief of the Photovoltaic and Space Environments Branch
and led programs in advanced photovoltaic systems development. He
received two Agency awards for his pioneering work on advanced
solar cells for space applications and for research that
established the feasibility of powering a human outpost on the
surface of Mars with solar energy.
Dr. Flood presently serves on the International Advisory
Committees of the European, the U.S, the Japan/Asia
and the World Photovoltaic Conference organizing committees. He is
an inventor or co-inventor on several patents or patent
applications in photovoltaics and nanotechnology and has more than
100 peer-reviewed publications and presentations in solar energy,
electron devices and materials science.
In addition to Dr. Flood, the Company's Science Advisory Board
will continue to provide oversight and direction as the accelerated
prototype development program advances toward completion.
About Natcore Technology
Natcore Technology is focused
on using its proprietary Foil Cell technology to significantly
lower the costs and improve the power output of solar cells.
www.NatcoreSolar.com
Statements herein other than purely historical factual
information, including statements relating to revenues or profits,
or Natcore's future plans and objectives, or expected sales, cash
flows, and capital expenditures constitute forward-looking
statements. Forward-looking statements are based on numerous
assumptions and are subject to all of the risks and uncertainties
inherent in Natcore's business, including risks inherent in the
technology history. There can be no assurance that such
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on such statements. Except in accordance with
applicable securities laws, Natcore expressly disclaims any
obligation to update any forward-looking statements or
forward-looking statements that are incorporated by reference
herein.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
PRESS RELEASE CONTACT:
Chuck
Provini
President & CEO
585-286-9180
Info@NatcoreSolar.com
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SOURCE Natcore Technology Inc.